E-commerce is said to be an essential component of our daily lives. For me, having access to E-commerce sites is not a luxury but a requirement. Because I live in an urban area with my family. So I am here to guide you on what is ECOM transaction.
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What is the ECOM transaction?
Online purchases or sales made through desktops, mobile phones, or other devices are referred to as e-commerce transactions. It also includes carrying out any transaction involving the sale of products or the transfer of rights to use resources via a system enabled by computers.
The World Wide Web is used as a key element of the total transaction life span in electronic commerce transactions (www.). Mobile apps are now often utilised for e-commerce transactions. E-commerce is defined as online transactions made through websites like Amazon, Flipkart, Paytm, Snapdeal, Alibaba and others.
What are the characteristics of ECOM transactions?
It includes the sale of products or services carried out via computer systems. It uses techniques created particularly for the intention of obtaining or making purchases.
E-commerce transactions can take place between businesses, homes, people, organisations, and other private and public bodies.
While you can place orders using any of these techniques, payments and the actual delivery of the goods or services may be made online or offline.
What are the benefits of ECOM transactions?
It offers speedy delivery of items with little work on the side of the consumer,
Additionally, customer problems are rapidly resolved. Additionally, it saves a lot of time, work, and resources for the company's customers as well.
The cost of transactions will be significantly reduced through electronic commerce.
Many of the fixed costs of sustaining brick-and-mortar stores are eliminated. This enables businesses to have significantly bigger profits.
The ease it provides is another excellent benefit. You can shop whenever you want. The site is always operational, unlike a store, it has no set work time.
This is all you need to know about what is ECOM transaction.
Read More: How to activate SWON ECOM in SBI? What is SWON ECOM in SBI?Your Feedback Matters! How was this Answer?
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What is ECOM transaction?
Fatema
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2 Year
2022-10-27T19:27:47+00:00 2022-10-27T19:27:49+00:00Comment
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